Reliance Global Group, Inc. acquired Schaumburg, Illinois-based Barra & Associates a provider of both personal and commercial insurance products, including property and casualty insurance, life insurance, health insurance and other insurance products.
Reliance acquired Barra for approximately $7.5 million, comprised of cash and debt. Following the transaction, Grant Barra, founder and CEO of Barra. will continue to oversee the Barra & Associates subsidiary, as well as other senior responsibilities within the Company.
Barra operates a growing network with over 60 agents and agency partners.
Reliance is combining advanced technologies, with the personalized experience of a traditional insurance agency model.
Topics Mergers & Acquisitions Illinois
Was this article valuable?
Here are more articles you may enjoy.
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
Connecticut High Court: Injured Rental Car Occupants Covered for Uninsured Motorist 
